DataRPM Secures $5.1 Million in Series A to Advance Cognitive BI
Platform

FAIRFAX, Va.--(BUSINESS WIRE)--DataRPM, the industry pioneer in cognitive business intelligence, today
announced that it has closed a $5.1 million Series A funding round. Led
by InterWest Partners and joined by CIT GAP Funds, the round will be
used to accelerate DataRPM’s global go-to-market strategy. DataRPM
changes the way individuals work with data, making analytics more
accessible and easier to use by solving the two main barriers to the
adoption of data analysis – time consuming data modeling and usability.
The DataRPM business intelligence (BI) platform removes those barriers,
automating the data modeling process and employing a natural language
question-and-answer interface to simplify data analysis and
visualization.

“By lowering the cost of ownership and emphasizing usability, DataRPM is
making business intelligence a no-brainer,” said Khaled Nasr, partner at
InterWest. “Until now, BI solutions and Big Data have largely ignored
the data modeling process. DataRPM uses sophisticated algorithms to
automate what is otherwise a heavy manual lift. Their combination of
affordability and ease-of-use creates the opportunity for companies of
all sizes to get meaningful insights from their data.”

Available both on-premise and in the cloud, DataRPM’s business
intelligence platform pulls data from disparate sources and stores it in
distributed computational search index, rather than a traditional data
warehouse and provides a natural language and search-based query
interface to analyze the data, rather than SQL or other code-based
interfaces. As a result, users can easily analyze and visualize their
data in near real-time with no limit to the size of data.

The time-consuming and costly process of data modeling represents a huge
deterrent for many companies. Data modeling can take as much as 80
percent of the time needed for data analytics and represents a
significant cost. Manual data modeling fails to keep up with the rapidly
changing business environment, a problem made more severe with the
volume, variety and velocity of Big Data. Usability has also plagued the
business intelligence space. Tools come with steep learning curves and
over-technical interfaces that often keep the users with the most domain
expertise from getting the insights they need.

“We have used several BI tools in the past and with each we spent
significant amounts of money and time on setup. We had trouble scaling
and adapting to business changes. The solutions were also quite
technical and required extra analyst involvement, distancing our
business users from the data they needed,” said Shankar Rao, CTO of
Transaction Network Services (TNS). “DataRPM came in and in less than 30
days provided us with an end-to-end BI solution with a significant cost
of ownership reduction.”

DataRPM uses Cognitive BI to automate manual efforts of the data
analytics process from the data modeling to the creation of reports and
visualization for analysis. Cognitive BI is a combination of
statistical, machine learning and artificial intelligence algorithms.
The natural language processor understands the questions and translates
them to appropriate BI query and displays the results with relevant
visualizations and suggestions. Cognitive BI uses the machine for the
heavy lift, allowing the users to spend more time interpreting,
understanding and finding insights within their data.

“Our mission is to simplify business intelligence. We provide insights,
actions, and results from of the massive amount of data with a machine
first, removing the cumbersome manual lift. Pairing our computational
search platform with machine learning and natural language interface,
greatly simplifies the process of gaining insights from data,” said
Sundeep Sanghavi, co-founder and CEO of DataRPM.

DataRPM is founded by serial entrepreneurs and technologists, Shyamantak
Gautam, Ruban Phukan and Sundeep Sanghavi, with backgrounds in BI, Big
Data and Search from companies that include IBM, Yahoo, and Arthur
Andersen.

About DataRPM

DataRPM is the industry pioneer of Cognitive Business Intelligence
platform, the next generation of BI technology. DataRPM solves the two
biggest problems of business intelligence today viz. a) long, expensive
and painful manual data warehousing from disparate data sources and b)
significant learning curve of BI software leading to poor user
experience and adoption. DataRPM's patent-pending Computational Graph
Search technology enables automatic and dynamic modeling of data from
disparate sources using semantic algorithms, eliminating the need of
manually building complex data warehouses for BI. DataRPM provides a
natural language question answering interface to analyze and visualize
data that learns from user behavior, eliminating the software learning
curve seen in other BI platforms. DataRPM scales for Big Data on
commodity hardware and delivers business intelligence in the fastest,
cheapest and the most natural way. It is designed to be a one-stop
solution for both departmental as well as enterprise scale BI
requirements and available in a unique software-as-a-service model both
on cloud as well as on-premises. DataRPM is privately held and venture
backed. It was recognized as one of the DC's hottest startups by the
Tech Cocktail Showcase in 2013 and was ranked as 10 Startups destined to
break out in 2014 by Tech.co. It is also ranked as one of the Top 10 Big
Data Analytics Company by Enterprise Apps Today.